The current price of the stock = $20
<h3>What is stock?</h3>
The division of ownership of a corporation or company into shares is known as stock. Depending on the total number of shares, one share of stock represents a fractional ownership interest in the company.
<h3>What is mathematical operation?</h3>
An operation is a function in mathematics that converts zero or more input values, also known as operands, into a clearly defined output value. The operation's complexity is determined by the number of operands, sometimes referred to as arguments.
<h3>According to the given information:</h3>
The earnings per share of a stock is = $2
the current price/earnings (p/e) ratio is = 10
the current price of the stock = P/E
10 = P/2
P = 10*2
P = 20
The current price of the stock = $20
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Answer:
POAR = $29 per hour
Explanation:
<em>The overhead absorption is a per-determined rate which is used to charge overheads to production units. Note that this rate is computed using estimated figures</em>
The rate is computed as follows:
Pre-determined overhead absorption rate (POAR)
POAR = Budgeted overhead for the period/Budgeted direct labour hours
= $145,000/5,000 labour hours
= $29 per hour
Answer:
Debit Retained Earnings $5,880; credit Common Dividends Payable $5,880.
Explanation:
Based on the information given the appropriate
Journal entry for the dividend declaration will be:
Debit Retained Earnings $5,880
Credit Common Dividends Payable $5,880.
(To record dividend declaration)
$0.70 * (14,000 shares - 5600 shares)
= $0.70*8,400
=$5,880
Answer:
C. financial break-even point.
Explanation:
Break even point in economics is the point in the business, wherein cost and revenue generated are equal and business make no profit, no loss. Similary Financial break even has a same concept, however, it is a point in business, wherein earning before EBIT is equal to the fixed financial cost of the company and these fixed costs should be earned by the company to run its business and meet its fixed financial obligation. The earning above the financial break-even point is a profit to the shareholder.
Point in financial break even, wherein earning per share is equal to zero.
